Breaking News

Cryptocurrency Bloodbath Continues, What's Next?

By Kiana DanialCryptocurrencyJan 17, 2018 12:18AM ET

www.investing.com/analysis/cryptocurrency-bloodbath-continues--whats-next-200280882

Cryptocurrency Bloodbath Continues, What's Next?

By Kiana Danial | Jan 17, 2018 12:18AM ET

Saved. See Saved Items.

This article has already been saved in your Saved Items

BTC/USD

-4.41%

Add to/Remove from Watchlist

ETH/USD

-5.57%

Add to/Remove from Watchlist

XRP/USD

+0.41%

Add to/Remove from Watchlist

Cryptocurrency Market Overview: It’s been a bloodbath across the board for Bitcoin and other altcoins in the past few days. I’m not gonna say I told you so, but our buy-limit orders have been going through one after another.

Cryptocurrency Meltdown

Among the top 20 largest cryptocurrencies, Bitcoin dropped to the 61% Fibonacci retracement level of $10,000, the lowest level since December. It even tested below the daily cloud of Ichimoku Kinko Hyo, while the Kijun line crossed below the Tenkan line.

Click and drag to move

The future cloud appears to be flat. The resistance level remains at the 23% Fibonacci level above $16,000.

Ethereum dropped towards the 50% Fibonacci level right below $900 on Tuesday before correcting some of the losses.

Click and drag to move

And XRP/USD touched below $1.00. This has some market participants worry as they fear this may be the bubble burst everyone has been talking about.

In my opinion, this has been the inevitable pullback after the crazy rallies we saw in the past month. What goes up, must come down, and this stays true to even the trendiest markets of them all. The key is to keep calm and invest strategically.

Japan, South Korea Fearful of Regulatory Uncertainty

Meanwhile, on Tuesday, investors in South Korea and Japan, the two largest cryptocurrency trading nations, were waiting on Tuesday for the regulatory uncertainty to clear.

More than 200,000 signed a petition in South Korea to stop government's crackdown on Bitcoin. This could precisely be part of the cryptocurrency manipulation process. By driving the prices lower, the big market players are able to buy at lower prices while the newbies panic.

*This article was originally published here:

Related Articles

Bitcoin Price Dips Below $89k as Crypto Market Swings to Fear By Timothy Fries - Feb 25, 2025

In a week marked by intense market fluctuations, Bitcoin has plunged to new lows, while investor sentiment has shifted dramatically. Key indicators show a significant decline,...

Bitcoin: Bullish Nasdaq Can Be Supportive for the Cryptocurrency By Gregor Horvat - Feb 21, 2025 1

Bitcoin remains under intraday bullish pressure with room for more gains, especially if we consider that NASDAQ 100 made a nice intraday subwave (iv) pullback which can push the...

Global Crypto Regulation and 2025 Market Outlook By Ahmad Faizal - Feb 21, 2025

The global cryptocurrency market has seen unprecedented growth in the previous year, spearheaded by Bitcoin and Ethereum. Institutional participation was very important in driving...

Add a Comment

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.
Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read Investing.com's comments guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button" data-reg_ep="follow comment">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save"  data-reg_ep="save comment">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d1-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d1-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
		</div>
    </div>
			</div>
			<div id="show-more-comments">
				<a class="showMoreComments block">
					<span class="arial_12 showArrowafter">Show more comments (<span class="js-amount"></span>)</span>
				</a>
			</div>
			<div id="show-more-replies">
				<a class="showMoreReplies block">
					<span class="arial_12 showArrowafter">Show more replies (<span class="js-amount"></span>)</span>
				</a>
			</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

I feel that this comment is:

Spam

Offensive

Thank You!

Your report has been sent to our moderators for review

More Categories

1D1W1M6M1Y5YMax

	US 30	43,436.2	-185.1	-0.42%
	US 500	5,976.4	+21.0	+0.35%
	Dow Jones	43,433.12	-188.04	-0.43%
	S&P 500	5,956.18	+0.93	+0.02%
	Nasdaq	19,075.26	+48.88	+0.26%
	S&P 500 VIX	19.10	-0.33	-1.70%
	Dollar Index	106.43	+0.20	+0.19%

	Crude Oil WTI	68.82	-0.11	-0.16%
	Brent Oil	72.35	-0.15	-0.21%
	Natural Gas	4.023	-0.153	-3.66%
	Gold	2,931.70	+12.90	+0.44%
	Silver	32.233	+0.407	+1.28%
	Copper	4.581	+0.054	+1.18%
	US Soybeans	1,024.50	-5.50	-0.53%

	U.S. 10Y	4.256	-0.042	-0.98%
	U.S. 30Y	4.509	-0.047	-1.03%
	U.S. 5Y	4.084	-0.047	-1.14%
	U.S. 3M	4.304	+0.013	+0.30%
	US 10Y T-Note	110.78	+0.27	+0.24%
	Euro Bund	132.93	+0.45	+0.34%
	10-2 Yield Spread	19.61	-2.98	-13.19%

	Apple	240.36	-6.68	-2.70%
	Alphabet A	172.73	-2.69	-1.53%
	Tesla	290.80	-12.00	-3.96%
	Amazon.com	214.35	+1.45	+0.68%
	Netflix	990.06	+12.82	+1.31%
	Meta Platforms	673.70	+16.20	+2.46%
	Bank of America	43.94	0.00	0.00%

Most Popular Articles

Nvidia delivers better-than-expected guidance after Q4 results top... By Investing.com - Feb 26, 2025 37

Bitcoin price today: slumps to $84K on tariffs worries By Investing.com - Feb 26, 2025 7

Super Micro stock surges premarket after filing delayed reports By Investing.com - Feb 26, 2025 14

Lucid shares reverse gains after CEO departure announcement; BofA... By Investing.com - Feb 26, 2025 1

GM approves new share buyback, dividend increase By Investing.com - Feb 26, 2025 5

More News

Nvidia Q4 Earnings Preview: A Make-or-Break Moment for the AI Trade? By Jesse Cohen - Feb 26, 2025 2

Palantir: Down 30% This Week, Is It Time to Flee the High-Flying... By Alessandro Bergonzi - Feb 25, 2025 6

EUR/USD: A Clean Breakout Above 1.05 Remains the Base Case Scenario By Fawad Razaqzada - Feb 26, 2025

Why Is Buffett's Cash Pile Soaring? 3 Key Takeaway From His Annual... By Michael Gouvalaris - Feb 25, 2025 5

Margin Balances Suggest Risks Are Building By Lance Roberts - Feb 24, 2025 10

More Analysis

Central Banks Rates

	Central Banks		Interest Rates	Next Meeting
		FED	4.50%	Mar 19, 2025
		ECB	2.90%	Mar 06, 2025
		BOE	4.50%	Mar 20, 2025
		SNB	0.50%	Mar 20, 2025
		RBA	4.10%	Apr 01, 2025
		BOC	3.00%	Mar 12, 2025
		RBNZ	3.75%	Apr 09, 2025
		BOJ	0.50%	Mar 19, 2025
		CBR	21.00%	Mar 21, 2025
		RBI	6.25%	Mar 10, 2025
		PBOC	3.10%
		BCB	13.25%	Mar 19, 2025